Often clients fail to make a claim for R&D tax relief because they are loss making and don’t think they can secure any cash back. This is not the case.
Loss making companies can claim R&D tax credits, cash back from HMRC. The value of the credit will depend on the regime the company falls under.
- A loss making SME can secure a benefit between 14.5% and 33% of its R&D expenditure.
- A loss making Large company or subsidised project can secure a benefit of 9.7% of its R&D expenditure.
Loss making SME companies also have the option of not surrendering the R&D loss but instead carrying the loss forward/backwards against profits. Our consultants gather a full understanding of your company’s past and future position maximising the benefit of the R&D claim.
Help with R&D Tax Relief for Loss Making Companies
Making a claim can be complicated for loss making companies. We strongly believe a significant number of loss making companies are not fully utilising R&D tax credits and the associated tax relief. We recommend contacting us to discuss your position with one of our supportive consultants in Manchester.